• Econophile
    03/18/2010 - 13:42
    We think that China is an indestructible economic juggernaut but its economy is very fragile and it is sitting on a property bubble which will burst. What China does in response has major implications for their economy and the rest of the world. This is the third part of a three-part series on this topic: The Consequences.
  • Reggie Middleton
    03/18/2010 - 07:54
    The Greek saga continues, exactly as was anticipated. For all of those who don't regularly read me, this is really not about Greece but about the start of either default or significant depression throughout a large swath of the Eurozone. Greece is the firestarter and it looks as if we are starting to burn...

Goldman's Latest Batch Of Managing Directors

Tyler Durden's picture




Presented without Commentary

 

Benny Adler George Dramitinos Anita K. Kerr Stephen J. Nundy Andrew Tilton
Osama A. Al Ayoub Orla Dunne Scott Kerrigan Michael Ogrinz Frank T. Tota
Bruce A. Albert Karey D. Dye Michael Kirch Jernej Omahen Gautam Trivedi
Umit Alptuna Sarel Eldor Marie Louise Kirk Daniel S. Oneglia Hiroshi Ueki
Jesper R. Andersen Sanja Erceg Caroline V. Kitidis Andrew J. Orekar Umida Umarbekova
Matthew T. Arnold Alexander E. Evis Katharina Koenig Anna Ostrovsky Naohide Une
Yusuke Asai Robert A. Falzon Maxim Kolodkin Marco Pagliara Fernando P. Vallada
Divyata Ashiya Simon J. Fennell Matthew E. Korenberg Uberto Palomba Samuel Villegas
Taraneh Azad Danielle Ferreira Tatiana A. Kotchoubey Gena Palumbo Brian C. Vincent
Jeffrey M. Bacidore John Kelly Flynn Anshul Krishan Thomas J. Pearce Christian von Schimmelmann
Jeffrey Bahl Una I. Fogarty Dennis M. Lafferty David Perez Peadar Ward
Jeremy C. Baker Brian Foran Raymond Lam Jonathan E. Perry Hideharu Watanabe
Vishal Bakshi Allan W. Forrest Gregor A. Lanz Gerald J. Peterson Scott C. Watson
Doron N. Barness Mark Freeman John V. Lanza Julien D. Petit Martin Weber
Tom Bauwens Boris Funke Solenn Le Floch Charlotte L. Pissaridou Gregory F. Werd
David C. Bear Udhay Furtado Craig A. Lee David S. Plutzer Ronnie A. Wexler
Deborah Beckmann Jian Mei Gan Rose S. Lee Ian E. Pollington David A. Whitehead
Gary K. Beggerow Simon F. Gee Jose Pedro Leite da Costa Karen D. Pontious David Whitmore
Andrea Berni Tanvir S. Ghani Allison R. Liff Alexander E. Potter Petter V. Wiberg
Roop Bhullar Mark E. Giancola Luca M. Lombardi Jonathan A. Prather Mark Wienkes
Christopher W. Bischoff Jeremy Glick Joseph W. Long Melvyn Pun David Williams
Andrew G.P. Bishop Cyril J. Goddeeris Todd D. Lopez Mohan Rajasooria Julian Wills
John D. Blondel Robert A. Gold Galia V. Loya Alberto Ramos Troy D. Wilson
Jeffrey J. Blumberg Brian S. Goldman Michaela J. Ludbrook Marko J. Ratesic William Wong
Jill A. Borst Stephen Goldman August Lund Sunder K. Reddy Michael Woo
Peter Bradley Jennifer E. Gordon R. Thornton Lurie Joanna Redgrave Marius Wuergler
James W. Briggs Koji Gotoda Peter R. Lyneham Horacio M. Robredo Nick Yim
Heather L. Brownlie Adam C. Graves Gregory P. Lyons Ryan E. Roderick Koji Yoshikawa
Richard M. Buckingham David Greely Paget R. MacColl Steven D. Rosenblum Albert E. Youssef
Robert Buff Benedict L. Green Lisa S. Mantil Anthony J. Russell Alexei Zabudkin
Maxwell S. Bulk Benjamin R. Green Clifton C. Marriott Matthew A. Salem Filippo Zorzoli
Paul J. Burgess Lars A. Gronning Nicholas Marsh Philip J. Salem Adam J. Zotkow
Jonathan P. Bury Heramb R. Hajarnavis Daniel G. Martin Gleb Sandmann
Kevin G. Byrne Carey Baker Halio Elizabeth G. Martin Jason M. Savarese
Tracy A. Caliendo Thomas V. Hansen Nazar I. Massouh Joshua S. Schiffrin
Thomas J. Carella Christoph H. Hansmeyer Courtney R. Mather Adam Schlesinger
Jinsong Chen Alexandre Harfouche Jason L. Mathews Rick Schonberg
Winston Cheng Sandor M. Hau Masaaki Matsuzawa Johan F. Schulten
Doris Cheung Michael J. Hayes Alexander M. Mayer Matthew W. Seager
Alina Chiew Scott P. Hegstrom John P. McLaughlin Nancy Seah
Getty Chin Edouard Hervey Jean-Pascal Meyre Oliver R.C. Sedgwick
Paul Christensen David J. Hess Claus Mikkelsen Ned D. Segal
Andrew Chung Susanna F. Hill Arthur M. Miller Rajat Sethi
Robert C. Cignarella Timothy S. Hill Tom Milligan Margaret A. Shaughnessy
Alberto Cirillo Taiichi Hoshino Heather K. Miner David Sismey
Nigel C. Cobb Nigel E. How Gregory P. Minson Bryan Slotkin
Giorgio Cocini Joseph B. Hudepohl Shea B. Morenz Timothy A. Smith
Nicola Colavito Jeffrey J. Huffman Hironobu Moriyama Warren E. Smith
Shaun A. Collins Till C. Hufnagel Edward G. Morse Thomas E. Speight
Martin A. Cosgrove Hiroyuki Ito Teodoro Moscoso Russell W. Stern
Patricia A. Coughlin Corey M. Jassem Khalid M. Murgian Joseph Stivaletti
Jason E. Cox Ian A. Jensen-Humphreys Caroline B. Mutter Thomas Stolper
John R. Cubitt Baoshan Jin* Mana Nabeshima Chandra K. Sunkara
Patrick C. Cunningham Aynesh L. Johnson Robert T. Naccarella Kengo Taguchi
Canute H. Dalmasse Eri Kakuta Olga A. Naumovich Boon-Kee Tan
Stephen J. DeAngelis Takayuki Kasama Brett J. Nelson Kristi A. Tange
Rituraj Deb Nath John D. Kast Roger Ng Jonathan E.A. ten Oever
Michele della Vigna Michael C. Keats Victor K. Ng Hana Thalova
Amol Devani Kevin G. Kelly Matthew D. Nichols David S. Thomas
Brian R. Doyle Jane M. Kelsey Jonathan J. Novak Jonathan S. Thomas

h/t WSJ

4
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by Maximilien Robe...
on Thu, 11/19/2009 - 18:07
#136501

...

by Anonymous
on Thu, 11/19/2009 - 19:26
#136636

And here is me thinking Birthing of Giant squids took place in Summer.
Climate change I can believe in.

by Careless Whisper
on Thu, 11/19/2009 - 18:09
#136503

my personal favorite:   Baoshan Jin*

*  =  steroids ???

 

 

by Lionhead
on Thu, 11/19/2009 - 18:35
#136562

Mine was "Benedict L. Green"  How quaint. Look for all these folks to be politicians after they are recycled out of Goldman to do God's work in national service.

by SilverIsKing
on Thu, 11/19/2009 - 18:12
#136519

With Edward G Morse on the team, they'll be able to secretly communicate with the Fed and Treasury.  These guys ARE smart.

by THE DORK OF CORK
on Thu, 11/19/2009 - 19:49
#136674

secrecy is so passe - lets embrace good honest corruption

by Rainman
on Thu, 11/19/2009 - 18:13
#136521

Ah yes......a newly hatched batch of future government leaders.

by Stevm30
on Thu, 11/19/2009 - 18:34
#136533

For my friends at Goldman (re: judgment day)

http://www.youtube.com/watch?v=H6_BWNzThJY

Careless fool – what are you going to know, careless fool what are you going to understand?

All along that day? So I ran to my friends, Please teach me!  I ran to my friends, Please teach me! 

But my friends cried out.  We don’t know!  But my friends cried out.  We don’t understand!

I said FRIENDS!  What’s the matter with you friends?  Don’t you see I need you, friends?

So I ran to my parents, they were clueless, I ran to my government, they knew nothing!

So I ran to my parents, they were clueless, I ran to my government, they knew nothing!

So I ran to the Truth, please TEACH ME truth!  Don’t you see me listening?  Don’t you see me down here wanting to learn?

But Truth said: “Keep your illusions!” Truth said  “Keep your illusions!” It said  “Keep your illusions!”   All along that day

So I hid in my illusions, They were false! So I hid in my illusions, They were false!

I cried POWER!  POWER TO THE TRUTH!!!  POWERx  Instrumental

Oh yeah, oh yeah…. So, I ran to my friends, they were lying!  I ran to my parents, they were lying!

I ran to my government, they were lying!  All along that day…

So I ran to the Truth.  I said “Truth teach me.  Please, teach me!  PLEASE I need to know something real!

All along that day… 

It said "child, where were you, when you outta been learning?”

I said "Truth, Truth hear me questioning, Truth, Truth, hear me listening. Truth, Truth, hear me trying!"

All along that day…

Simpleton, you outta be questioning!  outta be studying!  Simpleton, you outta be listening!

All long that day…

 

POWER, POWER TO THE TRUTH!

by rhinotrader
on Thu, 11/19/2009 - 18:20
#136534

Lucky fuckers

by faustian bargain
on Thu, 11/19/2009 - 18:22
#136538

Congrats to these fine achievers. You're doing a heck of a job.

by jedwards
on Thu, 11/19/2009 - 18:38
#136566

Thank you all for doing God's work

by chet
on Thu, 11/19/2009 - 18:39
#136568

An organization can never have too much management I always say.  Nothing says efficiency like layers upon layers of "directors."

by RobotTrader
on Thu, 11/19/2009 - 18:57
#136593

Sorry, out with the flu most of today.

Anyone see this new Goldman Managing Director on the tube yesterday?

She's in charge of doling out the $500 million to small businesses..

Can't remember her name.

But no doubt, nice face, stick arms like a supermodel, and ample-breasted...

Looks pretty juicy to me....

 

 

by Rainman
on Thu, 11/19/2009 - 19:07
#136611

Now there's a stunner, by God !!

Even if she couldn't run the cash register, I would hire her IMMEDIATELY.

by Careless Whisper
on Thu, 11/19/2009 - 19:31
#136645

She's in charge of doling out the $500 million to small businesses..

correction: doling out the $500 million (that's about 4% of the $13.9 Billion backdoor AIG loot) to community colleges to "educate" small businessmen/women and to community development organizations. i don't think any of it goes directly for loans.

read for yourself:

http://www2.goldmansachs.com/

and two of the other new managing directors were showing their true colors:

http://www.britishblogs.co.uk/images/530322.jpg

feel better Robo

 

 

 

by Rainman
on Thu, 11/19/2009 - 19:40
#136656

Damn....no loans. Just straight up giveaways.

I love her even more.

by Jeff Lebowski
on Thu, 11/19/2009 - 20:14
#136667

by Careless Whisper
on Thu, 11/19/2009 - 21:25
#136813

 

then this would be her husband:

http://www.burson-marsteller.com/About_Us/Global_Leadership/Lists/Leadership/DispForm.aspx?ID=29&nodeName=Global Leadership&SubTitle=Richard Powell

clients include; blackwater (yes that one), colombia, saudia arabia...

too many dots to connect on this one

by Cursive
on Thu, 11/19/2009 - 21:27
#136816

Robo,

Missed your daily EOD wrap, but not your post.  ;-)  Hope you get to feeling better soon.

by Rollerball
on Thu, 11/19/2009 - 19:18
#136603

by Marley
on Thu, 11/19/2009 - 19:06
#136607

when you're smilin', the whole world smiles with you. So let's all be happy and try to smile while looking at this;

http://www.chinahush.com/2009/10/21/amazing-pictures-pollution-in-china/

by Cursive
on Thu, 11/19/2009 - 21:30
#136821

Saw this yesterday on Denniger.  Very, very, very sad.

by Marley
on Thu, 11/19/2009 - 22:12
#136878

Another reason why I try not to buy "Made in China".

by ZeroPower
on Fri, 11/20/2009 - 10:44
#137283

I was fortunate enough to do a tour of China this summer (started in HK and Guangdong and made my way West to the Kazakh border then back East to Beijing) and i can tell you that, despite the gorgeous weather in almost every province and ZERO clouds - the sunlight is constantly drowned out by the fog.
While the first picture on your site seems a bit overdramatic (the Yellow River is yellow due to natural and not man-made purposes) the rest of the pictures are pretty bad. Besides smog and tons of factories in the urban cities, i cant say i saw much of what is in the photos but i assume it has to be there.
I was most surprised when i was in Lanzhou, which is a massive urban a city of about 3MM, and the Chinese call it a 'small town'.

by Anonymous
on Thu, 11/19/2009 - 19:08
#136612

What a bummer they're not getting a Christmas party this year.

by Anonymous
on Thu, 11/19/2009 - 19:15
#136624

WTF RobotTrader, that chick is busted.

Let's look at more pics of the chick from the Mauritian islands instead, mmkay?

by JohnKing
on Thu, 11/19/2009 - 19:31
#136646

They should probably be put on some sort of financial terrorist watch list.

by Anonymous
on Thu, 11/19/2009 - 19:47
#136669

That is Dina Powell. She heads their 10,000 Women Initiative. I guess GS figured LB was not the PR person to put out in front of the public, after all --- so mant disasters. If you listened to her she was reciting a carefully rehearsed speech. No ad libs. She was the head of personnell in the Bush Administration. Isn't she an interesting hire at GS?? All of those ex Bush staffers she brought to the White House, setting the stage (or continuing) the revolving door b/w GS and whatever Admin is in place.used to work in the Bush Administration

by RobotTrader
on Thu, 11/19/2009 - 20:11
#136708

Dina (Habib) Powell it is.

She's Egyptian.

How's that for some "foreign exotica"??

Wow....

by faustian bargain
on Fri, 11/20/2009 - 01:50
#137024

<shakes head, chuckling>

by Anonymous
on Thu, 11/19/2009 - 20:16
#136718

Here is some bullsh*t that happened to me today that shows the heads I lose tails they win scandalous activity that takes place daily. I am a professional trader, I am series 7 licensed, I trade my own capital and I clear through Goldman Sachs. I use their trading platform Redi Plus. I can chose to route my orders to multiple exchanges including NYSE, INET, ARCA, SIGMA and others.

The constant problem trading after hours is that there are programs that will front run your order by a penny and even by a tenth of a penny on cheap stocks. These programs will constantly update and jump in front of you if you raise your bid or offer ahead of them so its like a game of leap frog/chicken until you reach there limit. There used to be a nice edge providing liquidity after hours but these programs have killed it mostly. I found some ways to exploit the programs such as they will sometimes front run you right to the closing price. So if you need a hedge or a fill just go the other way and run them to where you want them and then hit them.

I found another way that seemed great to avoid the penny front runner and it worked perfectly. I started to do 99 share orders as the program only seen 100 share or more orders. So if I needed a 1000 shares I would do 10 orders at 99 shares each. I was able to do this for a week before Goldman shut off my trading activity and I had to agree to never do less than 100 share lots. This act coupled with the fact that the programs sometimes seemed to jump my order almost as fast as I updated my previous order, gave me a suspicion that it was Goldman traders front running me. I am still not sure.

About a week ago I was trying to sell some shares on Inet after hours of JOYG. There were no offers and I put in an order about .50 higher than the close. As always a program instantly bested my order by a penny. I updated and got in front of their order by a penny and they got back in front of me. I then had the thought what if I let them stay in front of me but I put a discretionary modifier on my order that I would be willing to sell the shares a nickel better than their offer. So I did this and waited. Sure enough some shares traded and the other party got the fill even though I was willing to sell the shares for cheaper. I then jumped on the phone with the not very knowledgeable RediPlus Techs to ask why I did not get the fill when I was clearly the NBO. The tech couldnt answer me and said he would call INET and call me back. He called back and told me that INETs rules state that the order gets executed to the best "standing order" which I was not. My thoughts were that this is not fair to the other side of the trade. That party is not getting the best available fill that he is entitled to and the tech agreed. So there is nothing we can do about it I said, and he said nope nothing.

Today I was trading after hours and I put in a bid on BIN to buy at 14.02 a few cents higher than the close. I used INET again because the programs seem to be more active in ARCA so my default is INET. I seen the price ticker print 200 shares at 14.04 and I got a partial fill of 100 shares at 14.02. I said wait a minute, I had the best bid where did these 200 shares in front of me come from. What are the chance a seller cam in at the same exact time a buyer stepped in at 14.04? Too far fetched, I am calling the invalid RediTechs to find out what happened. They agree I was the best bid and they need to call INET to find out what happened. I get a call back with this as the answer. INET allows some clients that pay them to put in non-displayed orders. I asked if I can do this via RediPlus and I was told only if I used Sigma but then I wouldnt get the fill anyway unless the order sender routed to Sigma first. Head I lose tails they win.

There is very little edge if any left in day trading. They want all the money and they are getting it. I guess Im going to have to become a stock picker or sell a trading system.

by Careless Whisper
on Thu, 11/19/2009 - 20:44
#136761

first thing is you should find a primary broker that doesn't clear through GoldSach. you may want to look at tradestation or lightspeed.

by Anonymous
on Fri, 11/20/2009 - 00:13
#136975

It comes as news to you that the computers can front-run your order? This has been happening for years. I used to play a game in the after hours market entering trades electronically at BB and BO, and without fail I became second best as my order entered, and when I cancelled, the BB or BO would go back to what it was before I entered. EVERY SINGLE TIME.

But of course this was just one of those odd 10-Sigma event coincidences which can be expected to occur every 10^56 +1 years or so. The markets are as fair as an Afghan election.

(Incidentally, for the pedants out there, the Universe has been estimated to be made up of a sum total of 10^56 atoms, which is only slightly less than the Goldman Sachs bonus pool this year.)

by overbet
on Thu, 11/19/2009 - 20:25
#136724

 

 

 

by overbet
on Thu, 11/19/2009 - 20:26
#136738

Tyler whats up with INET. I hear they are the worst on the street for this type of crap. 

by Anonymous
on Thu, 11/19/2009 - 20:25
#136735

wake up people --- dina powell worked as head of personnel for bush admin. before being recruited by gs to run their "do good" programmes. just keeping that door b/w GS and USG wide open, irrsepective of tha party in power

by Anonymous
on Thu, 11/19/2009 - 21:02
#136785

This is quite a list, adding to an already long list of existing partners. It represents an enormous amount of capital, which if added to what a Warren Buffett might be willing to toss is, might mean GS wants to escape the public eye by going private again.

Perhaps they are arrogant enough to believe even a privately held company can be TBTF, so long as one has spread a sufficient number of former partners---or future wannabe partners---in positions of authority.

by Cursive
on Thu, 11/19/2009 - 21:20
#136807

Robo's observation from CNBS aside, is it me or do these names sound like they belong to UGLY people?  BTW, did an anagram of "Goldman Sachs" at wordsmith.org and here's a sampling (remember, the anagram KNOWS your inner soul):

Calm Sandhogs

Clash And Smog

Clash Man Gods

Mach And Gloss

Cash Mad Longs

Clan Shams God

Clans Mad Hogs

Scam Had Longs

Scam Lash Dong

Scam Dash Long

Can Smash Gold

Glad Smash Con

by tom a taxpayer
on Thu, 11/19/2009 - 21:51
#136852

 

Surely, out of 272 people there should be at least 1% who have integrity and will not allow themselves to be bought off by Goldman Sachs.

"For what does it profit a man to gain the whole world, and forfeit his soul?"

Surely there is at least one of the 272 whose conscience bothers him or her. 

Surely there is at least one of the 272 who will take the short walk from 85 Broad Street to one of the conveniently located state or federal prosecutors located in lower Manhattan and do the right thing.

 

by Anonymous
on Thu, 11/19/2009 - 22:10
#136877

Do you remember in The Usual Suspects movie when Kevin Spacey ask Chazz Palminteri , "How do you shoot the devil in the back, what if you miss."

by Anonymous
on Thu, 11/19/2009 - 22:16
#136880

Anita Kerr? As in the Anita Kerr Singers who used to sing back-up for Ray Charles in the 60's? No way.

by Bob
on Fri, 11/20/2009 - 03:56
#137069

"Not a bad way to make sure 272 people are not going to bail to a "soon to IPO" Citadel."

Not a bad way to keep 272 potential whistleblowers quiet, either.  Not to mention the many others situated lower in the organization who will be encouraged to dream that they will be next if they just continue to play by "the rules."

by Anonymous
on Fri, 11/20/2009 - 09:44
#137195

Agree totally.

The devil is in the detail. Who are these 272 people? How many are from Credit and Legal? How many are running the Alpha side of the business? How many are IBD types? And how many are from the program trading/HFT/Sigma group?

Partners are always a reflection of which units are making the most money(stay & play partnership), which units are losing the most(hush money so no one finds out about GSs regular internal blow-ups) and then a few characters, thrown in to give the rest of the foodchain hope.

Suckers, do the math folks.

The partners get north of $5-8m, with real Alpha juicing $40/50m even $100m (any desks making the market in CDS this year, the players are expecting min $20m and most importantly the very helpful team working with AIG reprobates to unwind positions this last 12mths are the in-house kings). Then there's the MDs who will even in cost centers get a min of $1m and typically range is $1-3m and up to $5m(cant pay them more then a partner).

So by now that $700k average across employees, has halved, because 500 new+old partners walked away with $3-5bn, and 1,200 old+new MDs typically receive the same amount(just between more of them). about 5-6% of workforce.

25% of GS people are VPs/EVPs, 40% are Associates and at the bottom of the food chain are the analysts. So yes, we have a very flat structure here, but its a "blackswan-esque" payout system.

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